Eden Energy LtdEden Energy Ltd

Presentation by:Greg SolomonGreg Solomon, LLBExecutive Chairman23 November 2007

A Leading Alternative A Leading Alternative Energy CompanyEnergy Company

For

per

sona

l use

onl

y

DISCLAIMER- Forward looking ProjectionsWhilst reasonable care has been taken in compiling the forward projections in this presentation, they necessarily are

based on many assumptions and factors that are beyond the control of the company and accordingly there is no

representation or warranty given that these projections will be achieved. There are many uncertain risk factors,

particularly related to the Indian market, which are beyond the control of the company and which could significantly

impact on both the prices that are achieved , the sales turnover and the production and operating costs. These risks

include delays in the rollout of the Natural Gas pipeline system and the accessibility of Natural Gas in India, limitations

in the available quantities of Natural Gas, increases in the price of Natural Gas, reduction in the price of alternate fuels

such as diesel, changes in Indian Government or Indian Supreme Court policies and rulings, market competition,

shortages in raw materials and labour, increases in cost of labour and materials, national or international political or

economic instability, problems with reliability of equipment produced and sold, warranty claims, currency fluctuations,

restrictions on foreign investment, disputes with potential joint venturers, market resistance to the products or services

offered, lack of available capital or finance, restrictions on international travel and similar factors beyond the control of

the company. For these reasons, all potential investors and others must satisfy themselves on the reliability of these

forward looking projections before acting upon any information provided to them in relation to forward looking

projections, and neither the company nor any of its officers make any representations, warranties or commitments that

these or any other forward projections will necessarily be achieved.For

per

sona

l use

onl

y

Eden Energy Corporate Overview

Eden EnergyEden EnergyLtdLtd

Eden Innovations LtdEden Innovations Ltd

SA Natural GasSA Natural GasHydrogenHydrogenHythaneHythane®®

CryoCryo--storagestorage GeothermalGeothermal

100%100%

100%100%

100%100%

Coal Seam GasCoal Seam Gas 50%50%

PyrolysisPyrolysis 50%50%

100%100%

For

per

sona

l use

onl

y

Hydrogen & HythaneHydrogen & Hythane®®

Objective Objective -- to be the worldto be the world’’s leading s leading hydrogen technology company specialising hydrogen technology company specialising

in:in:

Production, Production, Storage, Transport & Storage, Transport & Use Use

of Hydrogenof Hydrogen

For

per

sona

l use

onl

y

Eden Group CompaniesWORLD CLASS HYDROGEN TECHNOLOGYWORLD CLASS HYDROGEN TECHNOLOGY

•• Hythane Company LLCHythane Company LLC (Denver, Colorado)(Denver, Colorado)

- Hythane® production and use

•• HyRadix IncHyRadix Inc (Chicago, Illinois)(Chicago, Illinois)

- On site hydrogen production systems

•• Eden Cryogenics LLC ( Columbus, Ohio)Eden Cryogenics LLC ( Columbus, Ohio)

- Cryogenic storage technology and production

For

per

sona

l use

onl

y

Hythane Company LLCA wholly owned subsidiary of Eden Energy

• Products/ PatentsUS/ Canadian Patent on fuel blendPatent on CryoHythane®Patented Hythane® blending equipmentPatented Hythane® production equipment Patented Engine conversion technologyHythane® Trademark

• Major Markets India, USA, China, Europe• World class team of employees and consultants F

or p

erso

nal u

se o

nly

Hythane® - the transition fuelHydrocarbons to Hydrogen

• Low-cost premium blend of Natural Gas (5-7% H2)

• ultra-low emissions (50% NOx)

• high efficiency

• Uses existing Natural Gas infrastructure

• Achieves new low emission standards

• Suitable for use with CNG / LNG / Dual fuel

• Proven by over 15 years real world testing

• Everything in place for rollout in India

For

per

sona

l use

onl

y

Hythane Operating SystemHythane Operating System

Hythane StorageHythane Storage

Methanesource Compressor

Engine Controller

Recalibration

Cascade Dispenser

Hythane®

Additions / Modifications to a standard Natural Gas system

Reformer/Blender

For

per

sona

l use

onl

y

HythaneHythane®® ApplicationsApplications

• CNG/ LNG/ Dual Fuel

• Buses

• Generators/ gas turbines

• Taxis, auto-rickshaws,automobiles

• Trucks

• Locomotives

For

per

sona

l use

onl

y

Hythane® meets Euro I to VNOx & PM emissions over the Braunschweig city bus cycle

0

5

10

15

20

0 0.1 0.2 0.3 0.4 0.5 0.6 0.7

Particulate Matter (g/km)

NO

x (g

/km

)

EURO5/EEV

EURO4

EURO3

EURO2

EURO1

Diesel Euro1

Diesel Euro2

Diesel Euro3

Diesel + CRT Euro 2 & 3

CNG Euro2

CNG Euro3

CNG EEV

Hythane

NB: Euro Limits by factor 1.8

Euro1

Euro2

Euro4

Euro5/EEV

Euro3

Hythane PerformanceProjectionF

or p

erso

nal u

se o

nly

Hythane® Bus Projects

California 2002California 2002--20042004

Montreal 1993Montreal 1993--19951995

For

per

sona

l use

onl

y

THC CO NOx

0

0.5

1

1.5

2

2.5

3

NG HY5 NG HY5NG HY5

HO

T 5

05 E

MIS

SIO

NS,

GR

AM

S/M

I.

50% Reductions in CO and NOx, 5% H2: Leverage Factor = 10!

Courtesy of Colorado Department of Health, March 1993

Denver Hythane® Project Results

For

per

sona

l use

onl

y

Suitable Hydrogen Sources

• Reforming of Natural Gas ( produces H2 + CO2)

• Pyrolosis of Natural Gas (produces H2 & C)

• Electrolysis of water (produces H2 & O2)

• By-product H2 from industrial waste streams

- Low purity H2 (90% +) suitable for Hythane®

For

per

sona

l use

onl

y

HyRadix Inc

• World leading on-site hydrogen production

- industrial applications, fuel cells, transportation

• Operating systems in USA, China and Malaysia

• Over US $40 million spent on product development

• Chicago based world class team of employees

• Significant Patents and TrademarkFor

per

sona

l use

onl

y

Proven, economic on- site hydrogen generation systems

Today for transportation fuel and merchant industrial hydrogen

Tomorrow for the entire hydrogen economy

1

For

per

sona

l use

onl

y

Customer Case Study• SunLine Transit Agency –California

– Primary H2 Supply– H2 vehicles in daily operation

• Demonstration Unit Performance– In operation since April 2004 – 10,000+ hours of operation– 120,000 miles driven since 2004– 50% hydrogen cost savings– 50% NOx reduction

• Commercial Unit Installed August 2006– First large-scale commercial H2

filling station in USAFor

per

sona

l use

onl

y

Aptus / Adéo Performance

• Natural Gas or LPG Feed

• Hydrogen Capacity– 50 Nm3/h - 100 Nm3/h

• Product Purity: 99.95% -99.999%

• Operation– Fast start-up times– Operates at 25-100%

of capacity• Packaging

– Skid mounted– Installation – 2 weeks – Footprint: 7 ft x 20 ft

For

per

sona

l use

onl

y

Indian Hythane® Market

• Markets for Hythane® (CNG / Dual Fuel/ LNG)- buses / taxis/ trucks / autorickshaws - generators- locomotives

• Products- Hythane® fuel - H2 reformers- Blenders- Engine conversionsF

or p

erso

nal u

se o

nly

Factors Driving HythaneFactors Driving Hythane®® in Indiain India• Government H2 plan - 1 million Hythane® vehicles by 2020

• Significant supply of domestic / imported Natural Gas

• Low cost of Natural Gas- 40% less than diesel

• Natural Gas supply to increase from 5M tpa to 25M tpa and infrastructure availability to 60% of 1.1 billion population in 5 years

• Extreme air pollution( photochemical smog) and Supreme Court rulings

• Natural Gas MRT bus systems planned in over 50 cities.

For

per

sona

l use

onl

y

Indian HythaneIndian Hythane®® Marketing ProgressMarketing ProgressGovt Policy- Hythane® to be vehicle CNG standard2020 target- 20% of all vehicles (>1 million Hythane® vehicles)

-buses, taxis, trucks, autorickshaws- generators/ locomotives (CNG / Dual Fuel)

• 10 year agreement with Ashok Leyland

- 80% of Indian Government bus fleets

- bus/ genset engine conversion in progress

• Prelim agreement with Cummins- 167,000 gensets

• Agreements with GSPC and Larsen& Toubro

• Indian production of hydrogen reformers commences

• Bus and genset demonstration projects for 2008

For

per

sona

l use

onl

y

Indian Hythane® Market Targets

Buses ( Potential market 500,000 +) (CNG /LNG)- Carbon Credit potential (<15 tonnes CO 2/ bus / year )

Generators ( Potential market 20,000 +) (CNG / Dual Fuel) - Carbon Credit potential (<530 tonnes CO 2/ genset /yr)

Targeted Market PenetrationBuses Gensets

2008 100 10

2009 1,000 200

2010 5,000 500

2011 10,000 1,000For

per

sona

l use

onl

y

USA Hythane® Market

• First DoE contract for Hythane®/ hydrogen engines

• MOUs for several demonstration projects signed/

under negotiation in California /northeast USA- first

project expected before end 2007

• New tough 2010 Californian emission standards

• High Petrol / Diesel prices v low Natural Gas prices

For

per

sona

l use

onl

y

Chinese Hythane® Market• Huge market for transport and generators

• Extreme air pollution

• Preliminary Approval for 16 City Clean Air Program

• Six MOUs signed in 2005

• Yuchai engine conversion - Euro IV equivalent emission levels on Hythane®

• Government and Academic Support

• Large / cheap Natural Gas supply

• Current renewed interest

For

per

sona

l use

onl

y

HythaneHythane®® Business ModelBusiness Model

•Strategic partnerships

•Multiple revenue sources

- Hythane® fuel

- Carbon Credits

- Engine conversions

- Commissions on engine controllers/ engines

For

per

sona

l use

onl

y

Hydrogen Production usingLow Temperature Pyrolosis

For

per

sona

l use

onl

y

Pyrolysis - 50% JV with UQ

• Produces H2 & solid Carbon from CH4 (no CO2)

• Low temperature, Low energy, Low cost

• Carbon Credits / Huge potential - No CO2

• High value solid carbon production

• Patent application lodged

• Scale-up/commercialisation work underway

For

per

sona

l use

onl

y

South WalesCoal Bed Methane

&Petroleum

For

per

sona

l use

onl

y

South Wales South Wales • Drilling 3 CSM Wells – Q2 2007- Q1 2008

- very encouraging gas content/ permeability from 1st well

- 2nd well underway- all results by March 2007.

• Drilling AMM – Q4 2007

• Seismic survey - Conventional – Q1 2008

• Drilling Conventional petroleum targets - 2008

• Large accessible market/ high prices

• Negotiations with multinational majors underway

For

per

sona

l use

onl

y

South Wales Coal Rank and Volatile Matter

For

per

sona

l use

onl

y

South Wales Coalfield & Potential Markets

Paper MillPaper Mill

IndustrialIndustrialEstateEstate

BOC GasesBOC GasesCorus Corus Steel WorksSteel Works

RockwoolRockwoolInsulationInsulation

For

per

sona

l use

onl

y

SA Natural GasSA Natural Gas• First licence ( PEL 183) granted

• Totally untested structure- 100km x10km

• Olympic Dam- huge market- 60 kms away

• Potentially several tcf in structure

• Possibly will seek JV partner

• Drill well in 2008 when drill rig availableFor

per

sona

l use

onl

y

South Australian Natural GasSouth Australian Natural Gas

For

per

sona

l use

onl

y

SA Natural GasSA Natural Gas TargetsTargets

For

per

sona

l use

onl

y

GeothermalGeothermal• Significant Government support

• 8 Prospective licences in SA

• Adjoin Geodynamics in Cooper basin

• Drilling first well - Renmark in late 2007

• Govt drilling subsidy- $100,000

• $10-15M IPO planned Q1 2008For

per

sona

l use

onl

y

SA Geothermal Exploration TargetsSA Geothermal Exploration Targets

For

per

sona

l use

onl

y

• HyRadix - Global sales ( current)

• Cryogenic division ( current)

• Hythane® - ( 2008/9 ) - India and US

• Margin on Hythane® fuel

• Engine conversions/royalties

• Sales commission - controllers, engines and vehicles

• Carbon Credits ( 2008/9)

• South Wales gas & AMM electricity sales ( 2008/9)

Projected Revenue Sources

For

per

sona

l use

onl

y

• Highly experienced board of directors

• World leading hydrogen technology teams

Major Shareholdings • Tasman Resources ~ 26.4% ( fully diluted)

• M. Coote interests ~ 13.5% ( fully diluted)

• Directors ~ 10% ( fully diluted)

• Goldman Sachs ~ 5.1%

• Macquarie ~ 4.7%

Management

For

per

sona

l use

onl

y

• Geothermal IPO ~$10-15M Q1 2008

• List Eden securities on AIM -Q1 2008

• SA Natural Gas - JV-drill first well - Q 2/3 2008

• Major Joint Venture on Welsh CBM Project following completion of current drilling/ testing- Q1/2 2008

• Hythane® - Indian bus and generator demonstration projects leading to commercial rollout- Q3/4 2008

- US demonstration projects- Q1/2 2008

Major Targets for 2007/2008

For

per

sona

l use

onl

y

Capital Structure at 23 November 2007Capital Structure at 23 November 2007

ASX Code (Ticker) EDE/EDEO

AIM Listing planned Q1 2008

Capital raised A$30 M

Total Shares (EDE) 158.5 M

Total Options (EDEO) 91.5 M

Share Price (EDE) 49 (A$) cents

Option Price (EDE) 25 (A$) cents

Market Cap (fully diluted) A$100.5 M

Cash A$8.1 MFor

per

sona

l use

onl

y